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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: elpolvo who wrote (2861)	2/6/2000 10:29:00 PM
From: Voltaire	Read Replies (3) \| Respond to of 35685

WRITTEN WITH THE POSSIBILITY THAT THIS WEEK COULD BE VOLATILE. The Frightful Market Correction There is nothing grander than success, whether it be life, love or business endeavor and yet none of the spheres mentioned are ever attained without education and nothing so educates or test the investor as does the disquieting nature of a market correction. The visible gyrations and uncertainties are unsettling in their own right but nothing so brings out fear in the investor like that of a correction and the obscure nature of such. Almost always, man shrinks from that vague presence of the unknown. There is no position in our scope of thinking that reveals the investor's fragility than when faced with a market correction and it's unfathomable possibilities. It is the opinion of this writer that of all the weapons one could indeed produce to counter such fear, none so serves the investor as an ability to fixate on the horizon and of more importance, the individuals's ability to negotiate the night. Fixation on the horizon by it's mere mention is understandable but too little attention and awareness is given to the latter. The fears and anxiety associated with possible market corrections are not limited to what one could assume to be the weak, no, far from it. The strongest, the tenderest and the most logical have their hours of despondency, especially in the night. I realize the ideal in these times is difficult to look on, lost in the depths at this point, small, isolated, scarcely perceptible and of course surrounded by all the projected black menaces monstrously collected to our front, but remember, for all of the above, in no more danger than one's ability to separate night from day. What on the past light was a proud, calculating, astute and infallible investor dealing his aces from a bastion of confidence we find in it's stead an individual in the throes of bewilderment and doubt and faced with the realization that all seemingly subline expectance was really upon examination nothing but a toy of chance. It is at this precise moment and we have all been there that conviction becomes oppression and something, we know not what, black evidence lies heavy on us, we can grasp nothing, we are simply crushed by the impalpable. Everywhere around us we see the incomprehensible, nowhere the intelligible. We are in doubt, we look, we listen, still the sad truth rolls, the Globex is our conscious, the instinet open at the appointed hour in the morning and those infernal Econ. numbers taking their place in a long line of striking regularity consumes our soul. What can be done with my position one ask? To totally dispel the pressure is impossible, but contemplation is a start. Darkness is silence but in our eyes it could be looked upon as eloquent silence. To me there is only one counter balance to the encroachment of fear and that is faith, a faith in my original convictions. By nature we are constrained to have faith when to our minds all is lost and it is the strength of one's faith formed in the light of day that will ultimately bring the rescue. A rescue for one who before doubts set in was at the precipice of confidence, intoxicated with thoughts of unparalleled genius that's dulled the senses, a vertigo of prosperity that has lulled the the mind to long long thoughts. To me, the irreducible equation is here. As I said, we are by nature constrained to have faith but simple faith does not in and of itself bring tranquility. I have always felt that faith has a strange need of forms. Hence my Angels and perhaps your God, but nothing to me seems so unsatisfying as belief without outlines. The key as I said for me, is no matter whatever I think, whatever I wish, whatever may be my prayer, to look into the darkness is not to look but to contemplate, contemplation of your original conviction and the undying will to see those convictions through. Voltaire